24 CFR 350.10

§ 350.10 Liability of Federal Reserve Banks as Depositories.

United States · 24 CFR — Housing and Urban Development · Status: effective

Cite this

Citation: 24 CFR 350.10, § 350.10 Liability of Federal Reserve Banks as Depositories, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/100658
Permanent ID: ys:prov:100658@1
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Full text

The Federal Reserve Banks as Depositories may rely on the information provided in a Transfer Message, and are not required to verify the information. The Federal Reserve Banks as Depositories shall not be liable for any action taken in accordance with the information set out in a Transfer Message, or evidence submitted in support thereof.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.